Stablecoin on Injective馃挜
Agora introduces the AUSD stablecoin on the Injective blockchain: fully backed by world-class assets and managed by VanEck.
What is AUSD?
AUSD is a native stablecoin launched on the Injective blockchain. It plays an important role in the integration of DeFi and traditional finance, providing stability and reliability.
Collateralization and reliability
AUSD is fully asset backed, including cash, US Treasuries and reverse repurchase agreements. Assets are managed by VanEck and custody is provided by State Street, creating a high level of trust.
Benefits on Injective
Running on the Injective blockchain provides fast and cost-effective integration with DeFi protocols, eliminating the need for bridges and facilitating more secure transactions.
